Though Bitcoin remains the market leader in today’s crypto world, there is no denying that there are other cryptocurrencies out there that also provide some solutions on areas where Bitcoin has come up short. For instance, Litecoin offers a cheaper and a faster transaction. Unlike Bitcoin that has an anonymous founder, Litecoin has Charlie Lee to set the direction of the cryptocurrency. And because of this, he even pictured scenarios that haven’t happened yet.
One of his missions for Litecoin is mass adoption. They’ve recently launched a campaign #PayWithLitecoin in order to encourage businesses to accept Litecoin as payment. So what are businesses that can accept Litecoin?
Businesses Accepting Litecoin
The UK-based franchisee of RE/MAX Europe is now accepting not only Litecoin but also Bitcoin and even Dogecoin as payment for the property rentals. With its partnership with GoCoin, the 16 offices of RE/MAX in London is now accepting the cryptocurrency. According to Peggy Su, the regional director of RE/MAX London, “RE/MAX is the most productive estate agency network in the world, and this is due, in part, to the way we proactively leverage emerging technologies”.
One of the things that make Litecoin different from Bitcoin is that Lee envisioned the cryptocurrency to be used for daily transactions. And for this reason, you can now buy tea from Tealet using Litecoin. In fact, you can even get 30% off once you get the Litecoin Tea Box. A portion of the sales will then be donated to the Litecoin Development Project. You can also receive free Litecoin keychain!
Common Spark Media
Common Spark media is a photography studio that now accepts Litecoin as payment. Here, not only can you have your portrait taken, you can even have your wedding recorded.
Planning to take a vacation any time soon with your crypto earnings? CheapAir accepts Litecoin payments in order to purchase both flights and hotels.
A Reason to Celebrate Despite the Price Crash
Just recently, the entire top 25 digital currencies crashed in value mainly because prosecutors from South Korea decided to raid Upbit, the largest cryptocurrency exchange in the country. After which, Bitcoin’s price fell below $9,000. However, altcoins were affected even more.
However, despite the crash, Litecoin actually has a reason for them to celebrate. In fact, Litecoin dipped by 22% this week.
Today, Litecoin has been listed in about 400 crypto exchanges including GDAX, Binance, Bitfinex, as well as Huobi. In fact, OKEx accounts for 28% of the total trading volume for Litecoin.
Aside from the campaign for mass adoption, Abra, the first mobile crypto wallet is also now supporting Litecoin. And this move by Litecoin was well received on Twitterverse.
Will More Businesses Accept Litecoin?
Litecoin can easily gain the confidence of their investors mainly because of Charlie Lee. He even discarded his Litecoin shares in order to ensure that he is not benefitting from Litecoin’s increase in value.
Will there be more businesses that will support Litecoin? Considering the low transaction fees and a team that proactively looks into potential problems, Litecoin is one of the top cryptocurrencies to watch out for today. Though it doesn’t have any plans on taking Bitcoin’s throne, it is true that it can be adopted even by small businesses.